NZD/USD Technical Analysis: Kiwi bulls taking a breather at the 0.7000 handle after 140-pip bull run

• NZD/USD found some resistance at the 0.7025 level and the 200-period simple moving average on the 4-hour time-frame suggesting a pullback from the recent 140-pip move up can be underway.
• The pullback may extend down to 0.6975 which is May 22 high.
• NZD/USD bulls created a strong bull breakout on Wednesday which is NZD/USD best daily advance since mid-February.
• NZD/USD is trading above its 50 and 100-period simple moving averages on the 4-hour chart, suggesting overall bullish momentum.

NZD/USD 15-minute chart

Spot rate:                     0.7000
Relative change:         1.22%     
High:                             0.7025
Low:                              0.6968

Trend:                            Neutral

Support 1:                    0.6975 May 22 high.                 
Support 2:                    0.6900 handle                                    
Support 3:                    0.6851 May 16 and 2018 low      

Resistance 1:              0.7025 current Wednesday's high                                 
Resistance 2:              0.7053 May 4 high
Resistance 3:              0.7153 March 21 low